The Pakistan Stock Exchange (PSX) benchmark index staged a dramatic turnaround on Wednesday, surging more than 2,500 points during early trade to end a two-day losing streak.
The sharp intraday rally marks a decisive shift in sentiment, with bulls regaining control after a period of sustained selling pressure.
According to Dawn, the recovery was driven by value-oriented investors stepping in to buy assets that had been heavily discounted during the preceding selloffs.
Mettis Global noted that this wave of value buying reflects a growing conviction among market participants that current levels offer attractive entry points, despite the recent volatility.
This rebound follows a similar pattern observed earlier in the week, when the PSX reversed a three-session decline with a 982-point gain.
The recurring nature of these sharp recoveries suggests that while downside risks remain, there is strong underlying support at lower price levels.